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Discover LudwigThe phrase "are retiring" is correct and usable in written English.
It can be used when discussing someone or a group of people who are leaving their job or position, typically after a long period of service.
Example: "After 30 years of dedicated service, the teachers at the school are retiring this year."
Alternatives: "are stepping down" or "are leaving their positions."
Dictionary
are retiring
verb
To stop working on a permanent basis, usually because of old age or illness.
Exact(60)
Baby boomers are not simply delaying retirement; they are retiring retirement altogether by starting new careers.
In short, about two-thirds of those eligible are retiring before the normal retirement age.
(Two are retiring).
Now they are retiring.
None are retiring.
Baby boomers are retiring.
His top commanders are retiring.
The baby-boomers are retiring.
We are retiring coal plants.
Twenty-two politiciare aretiringing.
We are retiring or retirees.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com